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English definition of “fire sale”

fire sale

noun [C]    
COMMERCE a sale of goods at a reduced price , because the store has been damaged by fire : The store had burned down and I bought the computer at the fire sale .
COMMERCE a sale of goods at a reduced price : More than 300 one-of-a-kind objects are being sold at fire-sale prices to raise money for city cultural programs .
FINANCE a sale of a business , part of a business , or its assets at a low price , because it needs money or is bankrupt
(Definition of fire sale noun from the Cambridge Business English Dictionary © Cambridge University Press)
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